Latest Media and entertainment industry News
Spotify: Q1 Earnings Snapshot
LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported first-quarter earnings of $213.9 million. On a per-share basis, the Luxembourg-based company said it had net income of $1.05. The results exceeded Wall Street expectations. The...
Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.
Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summer. “Multiple generations went through there playing in my front yard," she said. "Just with the animals and the turtles and the deer and...
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Alphabet Inc., down $1.92 to $154.09. Google says it will combine several divisions as it focuses on integrating artificial intelligence more widely throughout the company. ...
Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service's future growth. ...
Netflix: Q1 Earnings Snapshot
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported first-quarter net income of $2.33 billion. The Los Gatos, California-based company said it had net income of $5.28 per share. The results exceeded Wall Street expectations....
This week: Retail sales, United Airlines and Netflix earnings
Retail receipts On Monday, the government releases its report on retail sales for the month of March. After pulling back in January, Americans picked up their spending a bit in February, but the 0.6% gain was weaker than expected and suggested that consumers are...
Faced with possibly paying for news, Google removes links to California news sites for some users
SACRAMENTO, Calif. (AP) — Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google...
Hits for sale: Notable artists who have had their music catalogs sell for big money
On Thursday, it was announced that American rock band Kiss had sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million. They're the latest to participate in an ongoing trend of blockbuster acts and their rights holders inking...
Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company
SAN FRANCISCO (AP) — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board. The company had...
Trump Media stock falls more than 21% after company discloses $58 million loss for 2023
NEW YORK (AP) — Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group — whose...
